This bioinformatics market analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the bioinformatics report.Get Sample Analysis of This Market Information: http://databridgemarketresearch.com/request-a-sample/?dbmr=global-bioinformatics-market

Bioinformatics market is expected to reach USD 26.33 billion by 2026 from USD 7.76 billion in 2018, at a CAGR of 16.5% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Some of the major players operating in this market are

Illumina, Inc.

DNAnexus, Inc.

Qiagen

Thermo Fisher Scientific, Inc.

Agilent Technologies

DassaultSystemes

Geneva Bioinformatics (Genebio) SA

Integromics S.L.

Perkinelmer, Inc.

Applied Biological Materials (ABM) among others

A science which is a combination of biology and information technology, connects biological data with techniques for storing information, distributing, and analyzing to support different areas of scientific research, including biomedicine known as Bioinformatics. It applies tools for database creation, data management, data warehousing, data mining, and others.

Market Drivers

Increasing government initiatives and funding will drive the growth of the market.

Growing use of bioinformatics in drug discovery and bio-markers development processes.

Market Restraints

Shortage of trained research personnel required for proper use of bioinformatics toolsis expected to act as a restraint to the market growth.

Non-availability of platforms to integrate large data sets produced by bioinformatics is expected to offset the growth of this market.

Global bioinformatics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioinformatics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

In March 2017, Agilent Technologies Inc. introduced its first comparative genomic hybridization (CGH) assay which will be used for diagnostic purposes: the GenetiSureDx Postnatal Assay. This will help the clinical geneticists to detect genetic anomalies early with more accuracy as compared to than traditional methods.

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